Form 990 for tax year 2023
Filed by THE SILICON VALLEY LEADERSHIP GROUP.
Totals
- Total revenue
- $4,058,720
- Total expenses
- $4,700,284
- Contributions and grants received
- $22,400
- Grants paid
- $0
- Program service revenue
- $4,037,937
- Investment income
- -$1,617
- Other revenue
- $0
- Total assets, end of year
- $1,708,782
- Total liabilities, end of year
- $2,796,244
- Net assets or fund balances, end of year
- -$1,087,462
- Program services expenses (Part IX)
- $4,135,690
- Management and general expenses
- $485,050
- Fundraising expenses
- $79,544
- Program service expenses (Part III)
- $4,135,690
Program services were 88.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$22,400
-
1g · Noncash contributions included above
$22,400
-
2a · Program service revenue: MEMBERSHIP DUES
total $3,738,198 · related or exempt $3,738,198
-
2b · Program service revenue: MISC. SPECIAL PROJECTS
total $230,943 · related or exempt $230,943
-
2c · Program service revenue: OTHER PROJECT INCOME
total $68,796 · related or exempt $68,796
-
3 · Investment income
total $113 · excluded $113
-
7a · Gross sales of assets other than inventory
other assets $1,674
-
7b · Less cost or other basis and sales expenses
other assets $3,404
-
7c · Gain or loss
other assets -$1,730
-
7d · Net gain or loss
total -$1,730 · related or exempt -$1,730
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,508,092 · program services $1,357,283 · management and general $120,647 · fundraising $30,162
-
7 · Other salaries and wages
total $1,710,505 · program services $1,539,437 · management and general $136,858 · fundraising $34,210
-
8 · Pension plan contributions
total $93,459 · program services $84,113 · management and general $7,477 · fundraising $1,869
-
9 · Other employee benefits
total $114,090 · program services $102,681 · management and general $9,127 · fundraising $2,282
-
10 · Payroll taxes
total $218,484 · program services $196,635 · management and general $17,479 · fundraising $4,370
-
11c · Fees: accounting
total $24,299 · management and general $24,299
-
11g · Fees: other
total $430,898 · program services $303,067 · management and general $127,831
-
12 · Advertising and promotion
total $14,077 · program services $14,077
-
13 · Office expenses
total $63,615 · program services $52,566 · management and general $10,703 · fundraising $346
-
16 · Occupancy
total $282,962 · program services $254,666 · management and general $22,637 · fundraising $5,659
-
17 · Travel
total $29,951 · program services $29,951
-
19 · Conferences, conventions and meetings
total $11,613 · program services $10,020 · management and general $1,102 · fundraising $491
-
22 · Depreciation, depletion and amortization
total $7,770 · program services $6,993 · management and general $622 · fundraising $155
-
23 · Insurance
total $11,394 · program services $10,255 · management and general $1,139
-
24a · Other expenses: SPECIAL PROJECT EXPENSE
total $85,280 · program services $85,280
-
24b · Other expenses: ADVOCACY FIRM
total $81,885 · program services $81,885
-
24c · Other expenses: OTHER EXPENSES
total $7,001 · program services $6,781 · management and general $220
-
24d · Other expenses: BANK SERVICE CHARGES
total $4,909 · management and general $4,909
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $59,801 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $446,189 · end of year $481,017
-
4 · Accounts receivable
beginning of year $193,240 · end of year $182,116
-
9 · Prepaid expenses and deferred charges
beginning of year $2,283 · end of year $1,974
-
10a · Land, buildings and equipment: cost or other basis
$67,198
-
10b · Land, buildings and equipment: accumulated depreciation
$58,648
-
10c · Land, buildings and equipment, net
beginning of year $19,724 · end of year $8,550
-
15 · Other assets
beginning of year $1,285,036 · end of year $1,035,125
-
17 · Accounts payable and accrued expenses
beginning of year $485,650 · end of year $504,245
-
19 · Deferred revenue
beginning of year $667,500 · end of year $978,930
-
25 · Other liabilities
beginning of year $1,299,021 · end of year $1,313,069
-
27 · Net assets without donor restrictions
beginning of year -$515,898 · end of year -$1,127,462
-
28 · Net assets with donor restrictions
beginning of year $70,000 · end of year $40,000
Mission and programs · 2023
Mission
TO INVOLVE PRINCIPAL OFFICERS AND SENIOR MANAGERS OF MEMBER COMPANIES IN A COOPERATIVE EFFORT WITH LOCAL, REGIONAL, STATE, AND FEDERAL GOVERNMENT OFFICIALS TO ADDRESS MAJOR PUBLIC POLICY ISSUES AFFECTING THE ECONOMIC HEALTH AND QUALITY OF LIFE IN SILICON VALLEY.
Activities or mission (Part I)
TO IMPROVE THE GENERAL BUSINESS CONDITIONS AND QUALITY OF LIFE IN AND AROUND SILICON VALLEY.
-
TECH & INNOVATIONTHE TECHNOLOGY + INNOVATION COMMITTEE SECURED SEVERAL KEY VICTORIES FOR MEMBERS IN 2023. SVLG LED A STATEWIDE COALITION IN OPPOSING ASSEMBLY BILL 316 (AGUIAR-CURRY), A BILL THAT WOULD HAVE REQUIRED THAT ALL HEAVY-DUTY AUTONOMOUS VEHICLES OVER 10,001 POUNDS HAVE A HUMAN OPERATOR IN EACH SUCH VEHICLE. SVLG MET WITH EVERY LEGISLATORS' OFFICE - ASSEMBLY AND SENATE - AS WELL MEMBERS OF THE GOVERNOR'S ADMINISTRATION. THE BILL WAS VETOED BY THE GOVERNOR. ADDITIONALLY, SVLG SUPPORTED MEMBER COMPANIES IN ADVANCING GOALS TOWARDS CHIP ACT RESOURCES, BY HOSTING REGULAR MEETINGS WITH THE GOVERNOR'S LEADER ON CA BUSINESS DEVELOPMENT AND WORKING WITH GO-BIZ STAFF TO CONNECT CHIPS ACT FUND APPLICANTS AND GOVERNMENT LEADERS. SVLG ALSO SUPPORTED THE SUCCESSFUL EFFORTS OF NEARLY A DOZEN MEMBER COMPANIES TO SECURE THE NORTHWEST AI MICROELECTRONICS HUB (WITH FUNDING FROM THE DEPARTMENT OF DEFENSE), HOUSED AT STANFORD UNIVERSITY. FINALLY, SVLG LAUNCHED THE RESPONSIBLE AI WORKING GROUP, HOSTING A SACRAMENTO LEGISLATORS DAY ON ARTIFICIAL INTELLIGENCE AND MEETING WITH AI BILL AUTHORS TO SHARE MEMBER PERSPECTIVES. SVLG WAS ALSO A KEY MEDIA RESOURCE ON AI, BEING FEATURED IN BLOOMBERG LAW, LA TIMES, SF CHRONICLE AND OTHERS.
Expenses $4,135,690
-
HOUSING & COMMUNITY DEVELOPMENTSVLG SUPPORT AND ADVOCACY HELPED CONTRIBUTE TO THE PLANNING AND CREATION OF OVER 27,000 HOUSING UNITS IN THE REGION. ADDITIONALLY, SVLG CO-SPONSORED STATE LEGISLATION TO SPEED UP THE POST-ENTITLEMENT PHASE PERMITTING PROCESS FOR HOUSING AND ADDRESSES A SIGNIFICANT HURDLE TO INCREASING THE CONSTRUCTION OF HOUSING. THIS BILL WAS SIGNED INTO LAW AND IS CITIED AS AN IMPORTANT STEP THAT WIL ACCELERATE HOUSING PRODUCTION AND HELP ADDRESS THE CURRENT SHORTFALL IN AVAILABLE UNITS.
-
TRANSPORTATIONSVLG JOINTLY ADVOCATED ALONGSIDE A COALITION OF BUSINESS GROUPS, TRANSIT AGENCIES, AND ENVIRONMENTAL ADVOCATES CALLING FOR STATE FUNDING TO ADDRESS THE "FISCAL CLIFF," WHICH IS AN ANTICIPATED SHORTFALL IN REVENUES FOR BAY AREA TRANSIT AGENCIES IN THE STATE BUDGET. AFTER THE STATE INITIALLY PROPOSED $2 BILLION IN CUTS TO TRANSIT, THE FINAL STATE BUDGET ACTUALLY INCREASED THE AMOUNT PUT TOWARDS TRANSIT, AT A LEVEL IN THE END OF $5.1 BILLION.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ahmad ThomasAHMAD THOMAS
CEO
- Total calculated
- $656,250
- From this org
- $645,000
- From related orgs
- $0
- Other
- $11,250
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $645,000
- Bonus
- $0
- Other
- $0
- Deferred
- $11,250
- Nontaxable benefits
- $0
- Filer's total
- $656,250
-
Jed YorkJED YORK
CHAIR
- Total calculated
- $0
- Hours/week
- 36
-
James GutierrezJAMES GUTIERREZ
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 36
-
Eric YuanERIC YUAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 36
-
Vicki Huff EckertVICKI HUFF ECKERT
TREASURER
- Total calculated
- $0
- Hours/week
- 36
-
Paul A KingPAUL A KING
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 36
-
Alan LoweALAN LOWE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 36
-
Rao MulpuriRAO MULPURI
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 36
-
Kim PoleseKIM POLESE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 36
-
Sharon RyanSHARON RYAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 36
-
Tom WernerTOM WERNER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 36
-
Vintage FosterVINTAGE FOSTER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 36
-
Andrew HarrisonANDREW HARRISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Bobby BellBOBBY BELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Carina Ruiz SinghCARINA RUIZ SINGH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Catherine ZimmermannCATHERINE ZIMMERMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Chris PattersonCHRIS PATTERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Cynthia Teniente-MatsonCYNTHIA TENIENTE-MATSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Cynthia LariveCYNTHIA LARIVE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Cynthia TregillisCYNTHIA TREGILLIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
David ChunDAVID CHUN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
David HeardDAVID HEARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Dawnet BeverleyDAWNET BEVERLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Dean FealkDEAN FEALK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Doug GrahamDOUG GRAHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Elizabeth VilardoELIZABETH VILARDO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Eric L WilliamsERIC L WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Eric KutcherERIC KUTCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Eric HouserERIC HOUSER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Jaime WongJAIME WONG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Janet LamkinJANET LAMKIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Jason BleauJASON BLEAU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Jeffrey ThomasJEFFREY THOMAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Julie SullivanJULIE SULLIVAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Justin FemmerJUSTIN FEMMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Ken GoldmanKEN GOLDMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Laura GuioLAURA GUIO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Lee LambertLEE LAMBERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Marc BlakemanMARC BLAKEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Mary HussMARY HUSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Matt RossieMATT ROSSIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Nick LovrienNICK LOVRIEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Raquel GonzalezRAQUEL GONZALEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Ron LopesRON LOPES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Rudy ReyesRUDY REYES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Sam CobbsSAM COBBS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Stacy FeldSTACY FELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Stacy OwenSTACY OWEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Steve ConlySTEVE CONLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Tarkan ManerTARKAN MANER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Toni VanwinkleTONI VANWINKLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Travis KiyotaTRAVIS KIYOTA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
William NagelWILLIAM NAGEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Yaad OrenYAAD OREN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 12
-
Laura WilkinsonLAURA WILKINSON
HIGHEST PAID EMPLOYEE
- Total calculated
- $235,000
- From this org
- $235,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $235,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $235,000
-
Tim McRaeTIM MCRAE
HIGHEST PAID EMPLOYEE
- Total calculated
- $176,796
- From this org
- $168,046
- From related orgs
- $0
- Other
- $8,750
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,046
- Bonus
- $0
- Other
- $0
- Deferred
- $8,750
- Nontaxable benefits
- $0
- Filer's total
- $176,796
-
Peter Leroe-MunozPETER LEROE-MUNOZ
HIGHEST PAID EMPLOYEE
- Total calculated
- $254,779
- From this org
- $243,529
- From related orgs
- $0
- Other
- $11,250
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $243,529
- Bonus
- $0
- Other
- $0
- Deferred
- $11,250
- Nontaxable benefits
- $0
- Filer's total
- $254,779
-
Nadia AndersonNADIA ANDERSON
HIGHEST PAID EMPLOYEE
- Total calculated
- $216,517
- From this org
- $216,517
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,517
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $216,517
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
THE SILICON VALLEY LEADERSHIP GROUP FOUNDATION
501(C)(3) · RESEARCH AND STUDY RELATED TO GENERAL PUBLIC POLICY ISSUES · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432819349300328
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